Table of Contents ____________________________________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-Q ____________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTIO ...

BOSTON, Oct. 29, 2024 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG), today announced its financial and operating results for the quarter ended September 30, 2024."STAG executed its business plan this quarter, bringing the Company another step closer to achieving its goals for 2024," said Bill Crooker, President and Chief Executive Officer of the Company. "Our internal growth, along with our acquisitions and developments, will position us to deliver strong Core FFO growth."Third Quarter 2 ...

Core Viewpoint - Stag Industrial (STAG) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements, particularly due to institutional investors' reliance on these estimates for valuation [3][5]. - An increase in earnings estimates typically leads to higher fair value calculations for stocks, prompting institutional investors to buy or sell accordingly, thus affecting stock prices [3]. Business Improvement Indicators - The upgrade in Stag's rating reflects an improvement in the company's underlying business, suggesting that investors may respond positively by driving the stock price higher [4][9]. - For the fiscal year ending December 2024, Stag is expected to earn $2.39 per share, representing a 4.4% increase from the previous year, with a slight 0.1% increase in the Zacks Consensus Estimate over the past three months [7]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [6][8]. - The system maintains a balanced distribution of ratings, ensuring that only the top 20% of stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [8][9].

BOSTON, Oct. 1, 2024 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG) today announced that the Company will release its third quarter 2024 operating and financial results after market close on Tuesday, October 29, 2024. The Company will host its quarterly earnings conference call on Wednesday, October 30, 2024, at 10:00 a.m. Eastern Time. The call can be accessed live over the phone toll-free by dialing (877) 407-4018, or for international callers, (201) 689-8471. A replay will be available ...

We previously published an article on STAG Industrial, Inc. (NYSE: STAG ) on August 25 th , 2023. In the article, we justified our sell recommendation on the basis of the capitalization rate being below the I am a CFA charterholder and a CIPM certificant. Professionally, I assist firms comply with the Global Investment Performance Standards (GIPS). The GIPS Standards has to do with how investment performance is calculated and presented by asset managers, pension funds, endowments and foundations. Previous t ...

BOSTON, Sept. 10, 2024 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG) today announced that it refinanced its $1 billion senior unsecured revolving credit facility. The refinanced revolving credit facility matures on September 8, 2028, with two six-month extension options, subject to certain conditions and no changes to pricing. "This transaction was successful and resulted in extending our weighted average debt maturities," said Matts Pinard, Chief Financial Officer of the Company. "We ap ...

Adam Gault STAG Industrial (NYSE:STAG) is a triple net lease REIT focused on the industrial property sector. The sector has been facing some oversupply-related headwinds since mid-2022, which took its toll on industrial property players. As of Q2, 2024, the Company owned 114.1m sq. ft. across 573 buildings. STAG has substantially improved its portfolio quality over the last couple of years, as reflected in the metrics of acquired properties before and after 2016. % of CBRE Tier 1 | --- | --- | --- | --- | - ...

The Lineage IPO was an exciting opportunity to buy a new-to-the-market cold storage REIT, but there's little else to recommend the industrial stock. If you're the kind of investor who pays attention to upcoming first-time debuts in the real estate sector, you've no doubt heard about the recent IPO for industrial cold-storage REIT Lineage (LINE 0.50%). Although it has a following that has bought its initial offering and is trading it currently, I have a lot of doubts about this particular REIT, as well as an ...

OwenPrice STAG Industrial, Inc. (NYSE:STAG) has been my favorite and only industrial REIT pick since the publication of my original bull thesis in March, this year. The underlying thesis is rather simple: one of the lowest P/FFO multiples in the industrial REIT space in combination with robust cash flow growth prospects, which create favorable conditions for decent dividend hikes going forward. If we look at the total return performance so far, we will notice almost an exact correlation between STAG and the ...

Core Viewpoint - Stag Industrial is positioned for continued growth in its monthly income stream, supported by robust demand for industrial real estate and a strong operational performance [1][2][10] Financial Performance - The REIT reported a core funds from operations (FFO) per share increase of 8.9% in Q2 2024 and 7.1% in the first half of the year, with cash available for distribution rising by 9.1% in Q2 and 9% in the first half [3] - Same-store net operating income (NOI) grew by 6.1% in Q2 and 6.5% in the first half, driven by high occupancy rates of 97.5% and strong lease renewals [5][4] Demand and Leasing - Stag Industrial has an impressive tenant retention rate of 82.2% and has achieved a 35.3% increase in lease rates on a cash basis [4] - New leases are being signed at an average rate 24.7% higher than previous leases, indicating strong demand for its properties [4] Acquisition Strategy - The REIT accelerated its acquisition pace, purchasing 10 properties for $225.6 million in Q2 at a 6.7% cash capitalization rate, compared to just one property for $50 million in Q1 [6] - Stag Industrial has a robust acquisition pipeline with 162 buildings representing $3.7 billion in investment potential, expecting to invest between $350 million and $650 million this year [8] Future Growth Potential - The company anticipates cash same-store NOI growth of 4.75% to 5.25% for the year, nearly double its historical rate of 2.5% [7] - Stag Industrial's conservative dividend payout ratio of less than 70% of cash available for distribution provides financial flexibility for new investments [9] Financial Health - The REIT maintains a low leverage ratio of 4.9, below its target range of 5 to 5.5, indicating improved financial metrics and flexibility [10] - The combination of earnings growth, acquisition volume, and a strong balance sheet positions Stag Industrial for continued dividend increases and income growth [10]